A. badness of residual
B. goodness of residual
C. badness of fit
D. goodness of fit
Correct Answer: goodness of fit ✔
Last Updated: May 11, 2023
Related MCQs
- In dependent variable cost pool, the relationship between individual cost items and cost drivers can be classified as __________?
- The method which considers the lowest and highest values of cost driver and cost within relevant range is called __________?
- If an unexplained variation is 350050 and the total variation is 700505, then coefficient of determination would be __________?
- The situation in which two or more independent variables are highly correlated is known as __________?
- In Regression Analysis, if an observed cost value is 85 and the disturbance error is 25 then predicted cost value will be __________?
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- In adjustment issues of costing, the database must consider wide range values of __________?
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- In plotting of cost functions, the level of activities according to which the charged cost is represented on __________?
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- If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be __________?
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- To decide whether the cost is variable cost or fixed cost with respect to some specific activity depends upon __________?
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- The goodness of fit predicted values is also known as __________?
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